Benzinga | May 24, 2021 02:44PM EDT

Creatd Says Co's Vocal Platform Surpasses 1M Creators

Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), today announced that its flagship platform, Vocal, has reached 1 million creators ahead of schedule. The announcement comes just one week after the Company announced that it achieved a new record of over 25,000 premium subscribers and reaffirmed its projection of reaching over 100,000 Vocal+ subscribers by year-end 2021.

To support its freemium and premium subscriber growth, the Company intends to continue to invest across multiple areas of its business, including a series of product enhancements and infrastructure updates anticipated to be rolled out on Vocal this year.

Commenting on the Company's latest milestone, Creatd CEO Jeremy Frommer said, "This 1 million creator milestone signifies Vocal's flourishing creator community, but also has implications that extend far beyond that. There is a unique level of opportunity inherent in a 'freemium to premium' SaaS model like Vocal's, and those effects become increasingly evident when a platform reaches a critical mass like ours did today. Having now surpassed the 1 million creator mark, we expect this milestone will yield an increase in the pace of conversions to the Vocal+ premium tier going forward."